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RECEIVER MALONEY ANNOUNCES PCT. CHECKS MAY BE AVAILABLE TO DEPOSITORS IN THREE WEEKS. MAKES TOTAL OF 85 PCT. RFC Loan and Collections Assets Make Cash Distribution to Be Through New Bank. Creditors of the old First National bank receive dividend totaling $437,000 probably within next three Thom. Molaney, receiver, announced night. This payment will increase to cent the total received by creditors of the bank. The receiver's announcement follows: The comptroller of the currency authorized payment cent dividend creditors First National bank council Bluffs who have proven their claims. This action followed made several will be made loan be obtained from the Finance corporation. augmented by recent collections made assets of the old bank. Old Loan Approved. initial 55 cent made available by former March 1934: only 50 per cent was paid, those accounts which had previously in the cent made during 1933. The source considerable portion that March tribution having been loan the conservator obtained from RFC, of course necessary repay that obligation before further dividends be paid as receiver. This repayment early October this year, and cruing that time included in the sum now to be distributed. "Granting this loan by the RFC obviates hasty, forced selling of the bonds, at the resultant sacrifice such would market were On the contrary, bonds owned being gradually through special liquidator securities, under direction of the comptroller the currency, splendid results being obtained Sales made only favorable marIn nearly every instance, thus better price has been cured than would have been any period bank closed, in March, 1933. Naturally bank will benefit to the full extent